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Smart Ways Your Business Can Benefit From Online Auctions > NetSparsh - Viral Content you Love & Share

Smart Ways Your Business Can Benefit From Online Auctions

It seems as if everyone is talking about online auctions. And why not. There are thousands of online auctions on the internet with more popping up everyday. People love them because they can usually find great bargains. Businesses are now also seeing the benefits of online auctions. Below are five ways your business can benefit from online auctions.

1. Get Rid Of Excess Inventory

You could sell your excess or discontinued products at an online auction. Your unsold inventory is doing you no good sitting around, collecting dust. It's an effective way to make extra income and it won't be a total loss for your business. You could even get lucky and make a profit depending on how much people will bid for your excess inventory.

2. Test Pricing For New Products

An easy way to test new product prices is to see what people will bid for them at an online auction. First, sell your product at three different online auctions. Next, calculate the average selling bid from all three auctions and that will be your selling price for your new product.

3. Sell Your Products

You can get your product in front of a large audience by selling it at an online auction. Some of the bigger auction sites draw over millions of hits a year. The key to being successful is to sell your product at multiple online auctions at the same time. Let's say you sold one product a day from just one auction site. If you sell your product at one hundred online auction sites that would be one hundred sales a day!

4. Start Your Own Online Auction

Drive traffic to your web site by starting your own online auction. People will visit your web site to find bargains and to sell their own products. You will get plenty of repeat visitors from people rebidding on products and adding new products to sell. You could also charge other businesses to advertise on your web site.

5. Lower Your Business Costs

You can find lower prices on business supplies and equipment at online auctions. I'm not saying all the time, but before you go pay retail for a new printer try bidding on one first. A company may be selling them at a lower price at an online auction because they have excess inventory.

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Julia Tang publishes "Smart Online Business Tips", a fresh
and informative newsletter dedicated to supporting people
like you. To find out the best online business opportunities,
to discover hundreds more proven and practical internet
marketing secrets, plus FREE internet marketing products
worth over $200, visit: http://www.best-internet-businesses.com
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In The News:


TechCrunch

Dropit runs live auctions on stadium scoreboards that fans bid on from the stands
TechCrunch
One New Zealand-based startup think they have an answer to this problem. Dropit is an interactive app that hosts live 60-second auctions on a stadium's scoreboard, that users bid on from their mobile device. Users download one app that can be used for ...
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Storage auctions 'a treasure hunt'
Citizens Voice
Auctions of abandoned property at two self-storage facilities in Luzerne County drew dozens of bargain-seekers Saturday. “It's a treasure hunt; that's what it is,” said Bob Engelhardt. Engelhardt traveled from his Hunlock Creek home to Self Storage ...


New York Times

Trump's Sketch of Empire State Building Fetches $16000 at Auction
New York Times
According to Julien's Auctions in Los Angeles, where the sale took place, Mr. Trump created the 12-by-9-inch drawing at his Mar-a-Lago estate in Florida for a charity auction that took place in 1995. At the time, the signed sketch sold for less than $100.
Trump drawing of Empire State Building sells for $16000 at auctionChicago Tribune
Trump's Drawing Sold for $16000, Here's What an Art Critic ThinksNewsweek
Trump's black-marker Empire State Building sketch fetches $16000 at auctionRT
The Inquisitr -Fairfield Citizen -Washington Times
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CNBC

US Treasury yields fall investors turn attention to data, Fed discussion
CNBC
The question of who will be named as the next chair of the U.S. Federal Reserve continues to linger on market sentiment. Fed Gov. Jerome Powell and former Fed Gov. Kevin Warsh are considered top contenders along with current chair, Janet Yellen.


New York Times

Auction Houses Find New Ways to Survive
New York Times
In some ways it is remarkable that they are still around, given that the past decade has produced more upheavals for auctions than any of the previous ones. “I don't know many industries that have been through so many structural changes in such a short ...


New York Times

London Auctions Are on the Rise, but a Big Failure Casts a Shadow ...
New York Times
Francis Bacon's “Study of Red Pope 1962. 2nd version 1971” at Christie's in London. The painting, estimated to sell for at least 60 million pounds, or about $79 ...

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Felling Trailers auctions trailer for charity
Rental Pulse
Felling Trailers, Sauk Centre, Minn., recently held an online auction for a FT-3 drop deck utility trailer to benefit Special Olympics Minnesota, a nonprofit organization. All of the $2,900 winning bid has been donated to the Special Olympics Minnesota ...


USA TODAY

Rare Jackie Robinson rookie jersey up for auction - USA Today
USA TODAY
A rare jersey from Jackie Robinson's historic rookie season with the Brooklyn Dodgers 70 years ago is available for someone with a few spare millions.
Rare Jackie Robinson rookie jersey up for auctionwreg.com

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Seeking Alpha

30-Year TIPS Reopening Auctions With A Real Yield Of 0.908 ...
Seeking Alpha
The after-inflation yield came in right on target, based on pre-auction trading in this TIPS on the secondary market. The inflation breakeven rate was a moderat.

and more »

Fox News

Pittsburgh airport auctions lost and found items, including abandoned cars
Fox News
Airport equipment is also up for auction. Kerlik says many of the maintenance vehicles that have come to the end of its life can go for thousands of dollars to bidders who want to make use of its parts. The money made from airport equipment goes back ...

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